The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-10-24
METAL AND WOOL TRADE,


METAL AND WOOL TRADE.
Deollning Demand FOR Pis Iron-wopl Mar
ket Unsatisfactory. ..g
New YORK, Ost. 2l.-Brad,lrset's In III
articles on wool and iron saya:
American pig iron continues firm q
unchanged prices, but with no increased
demand and no outlook for any In thu
near future. The parade made in some
journals Of the condition OF the Thomas
Company pig iron furnaces as typical OF
the situation generally ahowa how easily
writors not specially informed may be de-.
luded, for this company is probably en-.
joying, as It generally does, q very excep'
tionsl demand fer its products. At Gin.
cinnati, az at Philadelphia, the demand
hos declined, and prices have at the for.
mer been shaded come. Meears. Rogers
Brown d Co., OF Cincinnati, say that south
Of the Ohio the consumption ia actually
increaaing faster than the production, and
the next six months wlllsee leas Southern
iron shipped North than Tor any CORES.
ponding times for the Last three years, A
recent extended trip through the South
shows several furnaces out, but generally
better work is being done than during the
summer. None OF the new furnaces will
atari before next year. and there will be
little or no new iron offered before spring.
At Chicago tho demand Ia also less, and Of
the present rate 1t will not be long before
most CT the old running contracts will
have been completed. Halls are quiet at
1914 at the mill, with no new contracts. at
Philadelphia ] there ID little de.
mand except for small lots OF
nails, and the market is weak at
$40. at Pittsburgh the bar.iron trade
continues unchanged 80 Jar 80 the yolsms
Of business is concerned. There are less
large orders offering than a few weeks apo,
but tho local and current demand contin.
ues undated, and there Is little, If anv.
going into stock. Thle, in conjunction
with contracto already On hooks, inssres
to nearly all the mills active work for the
next aix weeks. Prices rule the came as
for the last month or more at the &c rate
for no. brands, with slight shading on
good Specifications made up Of extra sises.
Metal is quiet, and good makes are scarce.
and but little new business is being done,
most Of the shipments being on old con.
trscts. There is no apprseiablo change in
prices, No. mill iron holding its place at
SIS cash, md slightly bettsr ior othsr
brands. At Chicago current orders for
pig.iron are liberal, and stocks are mate.
rally reduced, while there appears to be
lea doing in manufactured iron and steel,
At ct !opis pig.iron is only moderately
active, with buyers holding oft tor easier
values, and sales neatly limited to imme.
diate Deeds. Merchant iron is firm at
previous values, and the movement con.
slnues liberal, coming Into sight slowly;
and the remarkable activity at the mills.
OF which 80 much has been written within
the week, is due for the most part to old
contracts. ai1 .... l5l
WOOL. ,-f = jts5s..
The improvement noticed In the wool
markets week ago har not been sustain
ed. Nost Of the manufacturers are buying
10 cautiously as ever. Though they take
a good deal OF stock in the aggregate they
are confident that pricea are not going up
Tor the preeent, and therefore give little
thought to the future. Even II existing
values hold 1t is clear gain for them to
have the deslers to carry the wool until
it Is wanted, and the possibility OF occa.
sional says is ever before them. The out.
look for wool goods, however, Is muct bet.
ter than TOR some time past. The orders
go lar taken have reached O fair volume
for the Beason, and an increase in the con.
sumption OF material is anticipated with
more confidence than heretofore. This,
1t is thought, should strengthen values
sooner or later. Still the, market for the
present is unsatisfactory. Holders in the
country show diminution of firmness.
Little is doing in the fall clip at San An.
tonic and elsewhere In Texas, where con-
siderable receipts are reported. Buyers
are holding aloof. A comparatively small
amount has been received on the eeaboard
as yet, but Eastern commission houses
look for consignments later on. The fall
clip ia moving rather more freely In Cali.
iornia. alrris; ir .fl Il 2,is-5.-s, :.
Busineas Is quiet in the Boston market.
Manufacturers are taking sample bags IS
freely as heretofore, but do not increase
their orders materially. The policy Of
buying only for immediate requirements
proved 80 profitable during the summer
that the inclination 10 continue it ia IN,
impaired. So lar I'D tneir output is con.
cerned they are believed to DO in bette,
shape than year ago. The demand 10,
fleece wool is moderate but steady. Buy,
ers can obtain Michigan y. without diff
Guilty at 80 cent?. Some increaea in thu
demand for medium Territory stock is re-
ported, but on the whole this description
Of wool continues weak.2 There is a fail
request Tor carpet stoek. Tho range o
prices shows no quotable change, curren
values being as follows, in comparison
with last week and last year: ~
Oct q, Oct g. Oct q
1855. 1856. 1887,
Ohio and Pennsylvania X...aia33 3sa34 3las